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MeGroup prices IPO at S$0.23 a share to raise S$2.4m

The group's net profit for the year ended March 31 was RM8.9m, on revenue of RM148.8m

MeGroup wants to grow its dealership business by opening more outlets. It sells new automobiles under the Honda, Mazda and Peugeot brands.


MALAYSIAN car dealership and automotive parts maker MeGroup has priced its initial public offering (IPO) at S$0.23 per share, ahead of a listing on the Catalist board of the Singapore Exchange.

The IPO will raise net proceeds of S$2.4 million through the issuance of 16.5...

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